Fitzroy drills 11 m of 2.28% Cu at Buen Retiro

Executive Summary

• Fitzroy Minerals reports multiple step‑out copper intercepts from diamond drill holes 21, 23‑27 at the Buen Retiro project, extending strike length to ~985 m.
• Significant high‑grade zones include 119 m @ 0.53 % Cu (oxides) in hole 27 and 32 m @ 0.90 % Cu (including 11 m @ 2.28 % Cu) in hole 25.
• The company plans further diamond drilling, upcoming RC drilling in the north area, and a ~5,000‑m RC program targeting shallow hanging‑wall oxide mineralization.

Key Details

• Hole 27: 119 m @ 0.53 % Cu (oxides) from 49 m depth; additional zones – 26 m @ 0.91 % Cu at 110 m, 52 m @ 0.20 % Cu at 175 m, 23 m @ 0.50 % Cu at 247 m, 15 m @ 0.22 % Cu at 299 m.
• Hole 25: 32 m @ 0.90 % Cu from 2 m depth, including 11 m @ 2.28 % Cu from 11 m; also 24 m @ 0.14 % Cu from 72 m.
• Hole 23: 6 m @ 0.30 % Cu from 191 m depth.
• Hole 26: 27 m @ 0.35 % Cu from 10 m depth, plus sporadic copper zones.
• Hole 21 (re‑entered): 77 m @ 0.33 % Cu from 115 m, including 11 m @ 0.86 % Cu from 180 m (previously reported 35 m @ 0.30 %).
• Hole 24: 20 m @ 0.24 % Cu from 23 m and 43 m @ 0.22 % Cu from 65 m.
• Strike Extent: Southwest area mineralization now confirmed over at least 985 m, open along strike.
• Assays Pending: Holes 28‑33; results to be released shortly.
• Future Drilling Plans: Diamond drilling continues in southwest; RC program (~5,000 m) imminent targeting Sierra Fritis and north area shallow hanging‑wall oxide mineralization on a multikilometre geophysical anomaly.
• QA/QC: Core handling, sampling, and laboratory QA/QC procedures described; no significant issues identified. Qualified Person Dr. Scott Jobin‑Bevans (PGeo, PhD, PMP) reviewed and approved technical information.

Notable Quotes

“Drilling at Buen Retiro continues to demonstrate good copper grades and thicknesses below the gravels in the southwest area… our drilling takes the proven strike length of the system to almost one km long, and the wide and shallow mineralization we are finding will increase the dimensions of any potential future pit.” – Merlin Marr‑Johnson, CEO

All non‑material boilerplate and safe‑harbor language have been omitted.